Too bad that he isn't prepared to defend a position... But that would require actually stating a position in the first place.
Corporate tax cuts are not working
- Thread starter mentalfloss
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To the letter, you have not succeeded in discrediting my claim that corporate tax cuts are not helping the economy.
They generally do, but the effect is minimal. More money in rich pockets usually translates to them buying a little bit more stuff like toys and shares.
It's always tough to assess the effects on a comparative basis. By in large, I believe it's fair to suggest that the gvt is hoping to stimulate some activity in a sector/industry by changing the economics. Depending on what fiscal model(s) you happen to support, the move can be good, bad or indifferent and have a variety of affects in the short, medium and/or long term.
In the end, there are simply too many combinations of fiscal programs and possible outcomes for anyone to state (definitively) what works and what doesn't.
CAW lost the Caterpillar company for cheaper pastures and it was the CAW that fought GM many years ago for the right of union workers to have a choice on what foreign made car they drive to work and park on the GM lot as opposed to driving the company car.
We have to remember that CAW broke away from the UAW because of Canadian needs
I agree. Some companies actually use the tax benefits towards productive issues. But, for instance, as we saw with DUHbama's padding corporations and companies, a lot of it went towards high-position bonuses and not much of anything else. Those bailouts weren't tax cuts, but the same effect occurs.
That's why I would much rather see research and development grants and stuff like that than see anyone messing with taxes. There are still problems with things like favoritism and other things, but the effects are more significant. And even then there are exceptions.
Canada's inflation more than expected in January
OTTAWA — Consumer prices rose more than anticipated in January as the annual inflation rate hit 2.5 per cent, Statistics Canada said Friday.
That was higher than the 2.3 per cent rate seen in December, a rate that economists polled by Bloomberg had predicted would remain last month.
Among some of the big drivers of inflation in January were price hikes of 4.2 per cent, year over year, for food, and 6.5 per cent for energy.
Within the energy category, gasoline prices were up 6.8 per cent from a year earlier, a smaller gap than the 7.6 per cent rise seen in December. Electricity prices were up 7.3 per cent; fuel oil costs soared 17.1 per cent from a year earlier' but natural gas prices were down 0.7 per cent.
Transportation costs overall were up 3.7 per cent in January from 12 months earlier. In addition to higher fuel costs, consumers paid 3.4 per cent more in vehicle-insurance premiums and passenger vehicles were priced 1.4 per cent higher.
Canada's inflation more than expected in January
OTTAWA — Consumer prices rose more than anticipated in January as the annual inflation rate hit 2.5 per cent, Statistics Canada said Friday.
That was higher than the 2.3 per cent rate seen in December, a rate that economists polled by Bloomberg had predicted would remain last month.
Among some of the big drivers of inflation in January were price hikes of 4.2 per cent, year over year, for food, and 6.5 per cent for energy.
Within the energy category, gasoline prices were up 6.8 per cent from a year earlier, a smaller gap than the 7.6 per cent rise seen in December. Electricity prices were up 7.3 per cent; fuel oil costs soared 17.1 per cent from a year earlier' but natural gas prices were down 0.7 per cent.
Transportation costs overall were up 3.7 per cent in January from 12 months earlier. In addition to higher fuel costs, consumers paid 3.4 per cent more in vehicle-insurance premiums and passenger vehicles were priced 1.4 per cent higher.
Canada's inflation more than expected in January
Limited resources.
There's only so much dino blood in the ground. And as we take out more, prices go up!
An unfortunate fact you have to live with.
If it's too complicated for you to understand, maybe you should just stay in the special room.
Oh come on flossy, you can do better than that. Explain these shortages that are driving inflation. Are you sure my electricty rates didn't go up to save polar bears by to building carbon capture systems on my power plants to increase oil extraction?
Interesting... I hear that ruffage is very good for you.
One might even make the argument that global warming will offer them a veritable buffet of vegetarian options.
Hmmm.. Interesting, non?